Labixiaoxin Snacks Group Limited operates in the Candy & other confectionery products sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Labixiaoxin Snacks Group Limited with three other
bakery and confectionary companies in Asia:
Hai Ha Confectionery JSC
of VIETNAM
(2019
sales of 1.05 trillion Vietnamese Dong [US$45.20 million]
),
Huunghi Food Jsc
of VIETNAM
(1.74 trillion Vietnamese Dong [US$74.97 million]
), and
Cocoaland Holdings Bhd
which is
based in MALAYSIA
(254.07 million Malaysian Ringgits [US$60.90 million]
of which 72%
was Trading).
Sales Analysis.
Labixiaoxin Snacks Group Limited reported sales of 466.57 million Chinese Renmimbi (US$68.37 million)
for the
year ending
December of 2019.
This
represents
a
decrease of 7.2%
versus 2018, when the company's sales were 502.80 million Chinese Renmimbi.
Contributing to the drop in overall sales was the 69.9% decline
in Beverage Products, from 25.94 million Chinese Renmimbi to 7.80 million Chinese Renmimbi.
There were also decreases in sales in
Jelly Products (down 2.4% to 349.24 million Chinese Renmimbi)
and
Confectionary Products (down 8.5% to 105.67 million Chinese Renmimbi)
.
However, these declines were partially offset by the increase in sales of
Other Products (up 6.3% to 3.86 million Chinese Renmimbi)
.